(PharmaNewsWire.Com, October 19, 2017 ) According to the report Blood Pressure Monitoring Devices market, published by Market Data Forecast the Market was worth USD 3.20 billion in 2016 and estimated to be growing at a CAGR of 6.7%, to reach USD 4.43 billion by 2021. The market is expected to witness rapid growth during the forecast period. In the next few years the demand for blood pressure monitoring devices is expected to increase significantly in the emerging economies. Hypertension, also known as high blood pressure, is a long-term medical condition, wherein blood pressure in the arteries is persistently elevated. It is a chronic condition and a leading cause of death and responsible for cardiovascular diseases and heart attacks globally. Blood Pressure Monitoring devices are those which automatically obtain and usually record the blood pressure at certain intervals, using the direct or indirect method of determining pressure. Hence, is user friendly and can be used at home easily.
Rising prevalence of heart disorders, increasing obese population, growing geriatric population and new product launches are the key factors that majorly cause the blood pressure monitoring devices market to grow. Advanced handheld and automated blood pressure monitors offer features such as safety, efficacy, and portability, thereby boosting market growth. Furthermore, technological advancement such as mobile-based BP monitoring systems is anticipated to drive the industry growth.
The Global Market for Blood Pressure Monitoring Device is broadly categorized based on Type and Region.
1. Based on Type
• Automated BP Monitors • Ambulatory BP Monitors • Sphygmomanometers BP Transducers and • BP instruments accessories
2. Based on Region • North America • Europe • Asia Pacific • Latin America • Middle East and Africa
Some of the major companies dominating the market, by their products and services include GE Healthcare, Welch Allyn, Inc., A&D Medical Inc., SunTech Medical, Rossmax International Ltd., Spacelabs Healthcare Inc., Panasonic Corporation, Philips Healthcare, Contec Medical Systems Co.,Ltd, Omron Healthcare and Microlife AG.
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